FMX | Connect – www.fmxconnect.com - (Reported 6/10/2010)
- Asian shares were modestly higher with resource stocks leading, but for China.
- Bank of Korea keeps rate at record low 2 percent amid strong recovery.
- Bernanke: US recovery on track despite European crisis, high unemployment.
- Brazil central bank lifts rate to 10.25%, meeting expectations.
- China posted a trade surplus for a second straight month in May on higher export growth.
- Euro climbs to $1.2039 on Bernanke remarks, raising hopes in global economy.
- EU's Internet chief warns states against choosing proprietary software as standards.
- Germany, France ask EU to speed up financial reforms.
- German governors to debate aid for GM's Opel after minister rejects federal help.
- Greek consumer inflation accelerated to a 5.4% in May, more than three times euro zone level.
- Japan revises up 1Q economic growth to 5 percent annualized rate from prev. 4.9%.
- Oil hovers above $74 in Asia as US crude inventories drop suggests demand is improving.
- OPEC says no need to increase oil supply.
- Portugal's economy expanded in the first quarter compared with the previous quarter.
- UN Security Council passes new sanctions against Iran for its nuclear work.
- US Wholesale inventories up 0.4% - fourth consecutive month gain led by solid gain in sales .
- BASF has agreed in principle to buy Cognis for more than $3.62B, including debt.
- CenterPoint Energy prices 22.0 mln common shares at $12.90/sh.
- Germany refuses GM loan guarantees of more than $1.19B, for restructuring its Opel unit.
- Goldman faces $1B suit; Basis Capital cites 'false representations' in collapsed CDO deal.
- Finnair orders 5 Airbus A321ER aircraft in $480 million deal.
- Men's Wearhouse 's Q1 net rises 156% to $13.6M on 2% rise in revs at $464.1M.
- US ratcheted up its demands that BP cover all costs stemming from GOM oil spill.
- Samsung to invest $3.6B to expand capacity of a semiconductor fabrication plant in Texas.
- Santander to pay $2.5B to buy the remaining 25% share of its Mexican subsidiary from BofA.
- Sprint overstated 4G phone sales by a third.
- U.S. taxpayers "remain at risk for severe losses" on AIG bailout : US Panel on restructuring.
Source: ZeroHedge
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